Pay & Benefits
Lawmakers Push to Fix Controversial Tax Rule Affecting Federal Retirees
A new bill would set up a new formula to calculate how much retirees get in Social Security benefits if they also receive a defined benefit pension, in some cases replacing the controversial Windfall Elimination Provision.
Pay & Benefits
Don’t Make These TSP Withdrawal Mistakes
Saving enough for retirement is like climbing Mount Everest: Getting to the top is an incredible feat but once you get there, you have to come down. That’s the really dangerous part.
Pay & Benefits
Lawmakers Push for Increases in Feds’ Leave, Retirement Benefits
A weekly roundup of pay and benefits news.
Pay & Benefits
New Bill Would Protect Early Retirement Benefits for Injured Federal First Responders
Currently, federal first responders who transfer to another job at a federal agency due to an injury may no longer retire at 57, despite paying more into the retirement system.
Pay & Benefits
3 Dumb Reasons to Take Social Security at 62
It is critical to make financial decisions based on facts, not fear or misinformation.
Pay & Benefits
The Downside of Investing in the TSP's Lifecycle Funds
Many know they should invest more conservatively as they approach retirement, but investing too conservatively can be dangerous if you don’t want to run out of money.
Pay & Benefits
The G Fund Has Seen Better Days
It’s important to know what the investment can do for you—and what it can’t.
Pay & Benefits
Your Tax Bill Is On Sale, But Probably Not for Long
Federal employees shouldn’t overlook the potential advantages of investing in a Roth TSP or Roth IRA.
Pay & Benefits
Lawmakers Seek to Increase Retiree COLA for Next Year to 3%
Legislation would set the annual increase in Social Security and federal retiree annuities at 3%, rather than the 1.3% increase currently slated for 2021, and would permanently increase adjustments in future years.
Pay & Benefits
The 8 Most Important Birthdays for Feds
Think now about these milestones—it could make a world of difference as you approach your next stage of life.
Pay & Benefits
Retiree COLA Set at 1.3% Next Year, Prompting Calls for Change
Organization calls on Congress to shift the metric upon which annual cost of living adjustments for Social Security and federal retirement benefits are based from the general price of goods to one that takes into account spending by the elderly.
Pay & Benefits
GovExec Daily: What are the Best Dates for Feds to Retire?
Tammy Flanagan joins the podcast to discuss her annual column on the best times for public servants to retire.
Pay & Benefits
Should You Ramp Up Your TSP Contributions or Pay Down Your Mortgage?
The answer can have a huge impact on your financial future.
Pay & Benefits
Why You Should Strive for Average — With the TSP at Least
When it comes to your retirement investments, “average” can be extraordinary.
Pay & Benefits
Simple Nudge Gets More People to Start Retirement Nest Egg
Motivating people to save for retirement isn't easy, but when it comes to planning, "the simpler, the better," a new study confirms.
Pay & Benefits
It’s Time to Consider Privatizing the Thrift Savings Plan
Index fund investing has become a commoditized business, and the private sector can perform the service just as well or better than the government.
Pay & Benefits
Read This Before You Tap Your TSP to Pay Off Your House
You have a mortgage, but you also have enough money to pay it off. Should you?
Pay & Benefits
TSP Announces CARES Act Loans Now Available
Federal workers and retirees who have been impacted by the coronavirus pandemic may now take advantage of favorable loan terms on their retirement accounts.
Pay & Benefits
TSP Portfolios Continue Gains, But Fail to Make Up Earlier Losses
Although all of the funds in the federal government’s 401(k)-style retirement savings program posted modest increases in May, it was not enough to make up for the economic crash at the start of the coronavirus pandemic.
Pay & Benefits
How to Motivate Young Workers to Save For Retirement
Whether you’re a parent or a boss, it’s in everyone’s interest to ensure younger generations are ready for life after work.
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